Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; Tavoni, Massimo

doi:10.2139/ssrn.1281521

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Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement

FEEM Working Paper No. 85.2008

CMCC Research Paper No. 47

27 Pages Posted: 24 Oct 2008 Last revised: 25 Mar 2009

See all articles by Valentina Bosetti

Valentina Bosetti

Bocconi University; CMCC - Euro Mediterranean Centre for Climate Change

Ca' Foscari University of Venice; CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division); IPCC; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Centre for European Policy Studies, Brussels; Green Growth Knowledge Platform

Alessandra Sgobbi

Fondazione Eni Enrico Mattei (FEEM) ; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Massimo Tavoni

Fondazione Eni Enrico Mattei (FEEM); Princeton University - Princeton Environmental Institute

There are 3 versions of this paper

Date Written: October 9, 2008

Abstract

This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.

Keywords: Climate Policy, Integrated Modelling, International Agreements

JEL Classification: C72, H23, Q25, Q28

Suggested Citation: Suggested Citation

Bosetti, Valentina and Carraro, Carlo and Sgobbi, Alessandra and Tavoni, Massimo, Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement (October 9, 2008). FEEM Working Paper No. 85.2008, CMCC Research Paper No. 47, Available at SSRN: https://ssrn.com/abstract=1281521 or http://dx.doi.org/10.2139/ssrn.1281521